-The Telegraph New Delhi: The Narendra Modi government appears to have again opted for the money bill route, this time to implement new provisions on political parties' funding, to "sidestep" the Rajya Sabha where the ruling NDA is in a minority. A money bill can be introduced, amended and voted on only in the Lok Sabha. They are referred to the Rajya Sabha but it cannot vote on them, nor can it...
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Share of spend in government expenditure, GDP on education falling for 3 years -Subodh Varma
-The Times of India Spending on education as a share of the central government's total budgeted expenditure has been falling for the past three years. Compared to 2013-14, the last year of UPA, when education got 4.57% of the total expenditure, there has been a steady decline — 3.65% in 2016-17, according to this Budget's revised estimate, with the estimated outlay for the coming year showing a minor uptick at 3.71%. Looking...
More »Are NDA and UPA budgets radically different? -Tadit Kundu
-Livemint.com Whether the present Modi-led NDA government can live up the legacy of high capital expenditure by the Vajpayee government is the big question Arun Jaitley presented his fourth budget on 1 February 2017. This budget would be remembered for historical breaks from its predecessors due to dropping of plan versus non-plan expenditure categories, merging of railway budget into Union budget and advancing of budget date by a month etc. While these are...
More »Will Budget help double farmers' income? -Vidya Venkat
-The Hindu Most of the earnings of the average farm household were spent in meeting consumption expenditures. Finance Minister Arun Jaitley announced a slew of measures in the Union Budget 2017 to boost the agriculture sector. Higher agricultural credit, higher allocation for irrigation projects, a crop insurance scheme and increased allocations for MGNREGA to dig farm ponds were among the measures announced on February 1. But will these help attain the goal...
More »A status quo budget for the social sector -Yamini Aiyar
-Livemint.com It should lay to rest the ongoing debate about this government’s attempt to radically restructure India’s welfare architecture There were no surprises—no helicopter drop of money into Jan-Dhan accounts, no move to dismantle ongoing welfare schemes in favour of a universal basic income (UBI). Far from being the populist, game-changing budget that many had expected, Union finance minister Arun Jaitley presented a sombre, status quo budget which, apart from some tinkering...
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